New Business Account Interview

Deborah Crawford

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.

Deborah's Other Events

OnDemand

The New Business Account Interview is the frontline security against fraud, money laundering and illegal activity at your financial institution. You may also be the most outstanding salesperson at your institution. Today, it's not enough to just take the money and open the account. Who is it you're doing business with? Who really owns this company? What kind of business is this company in?

It has become the job of the deposit specialist opening the account to dig deeper to find out if this company has any illegal activities that could impact your financial institution in a negative way. Many compliance tasks and due diligence requirements must be met in the New Business Account Interview.

Learn the compliance tasks, worksheets and requirements that must be met when you open an account. Learn to gather and use pertinent information to help you "know your customer". Don't miss this chance to become the business expert at your financial institution.

Covered Topics:

Customer Identification Requirements for Businesses: Who is exempt? Who is a customer?

Customer Due Diligence requirements: Gathering transaction data and using it

Risk rating your business customer-products, services and types of customers that cause concern

Unlawful internet gambling

New Issues for Money Service Businesses

Understanding beneficial ownership

The signature card, the resolution and the disclosures-types of businesses and requirements

Business Debit card disclosures

OFAC

Red flags for identity theft

Putting it all together in the interview and worksheet

Who Should Attend?

New accounts representatives, branch managers, branch operations, deposit compliance officers and anyone who works the frontline.

Please note: This site employs features that may cause unexpected behavior in older versions of Internet Explorer. If you experience a problem, try refreshing your screen. If this doesn't solve the problem, click on this link.
Express Checkout

Error Condition Detected

We will now redirect your browser to our credit card processor - https://www.paytrace.com - for entry of credit card information.

Credit Card Processing Is Currently Offline

Direct credit card processing is temporarily offline. We apologize for the inconvenience. Please choose the 'Bill Me' option. If you leave your email address we will notify you when service is restored.